DeXe [DEXE] has experienced a surge of over 7% in the past 24 hours, accompanied by a 40% increase in daily trading volume. Despite typically lower trading volumes on weekends, DeXe has seen a significant uptrend of 41.5% over the past week.
The crypto AI sector has shown remarkable performance in the past week, with Bittensor [TAO] leading the way. According to Glassnode data, the sector’s market cap has risen by 19.3%. The recent rally of Bitcoin [BTC] above $70k may have contributed to the influx of capital into certain altcoins.
The early strength displayed by some AI tokens has likely attracted even more capital into the sector in recent days.
DEXE Surges to Highest Levels Since 2026
On Sunday, the 15th of March, the altcoin reached a new local high of $5.51, a level not seen since late November 2025.
The bullish 1-day swing structure of DEXE was evident as it convincingly broke above the downtrend’s swing low at $4.19 (orange). The substantial trading volume during the upward move further supported the bullish momentum.
With the CMF consistently above +0.05 for the past three weeks, indicating strong demand, and the A/D indicator and RSI confirming upward momentum, DEXE’s bullish outlook is reinforced. Additionally, the moving averages have transitioned from being resistance levels to forming a bullish crossover, aligning with other technical indicators.
Looking ahead, the $6.3-$7.3 range is identified as the next significant long-term supply zone to monitor. Historically, this area has acted as a key resistance level in October and November 2025.
Traders should anticipate short-term volatility, as the recent rapid gains have led to significant long liquidation leverage accumulating below the current market price. A potential retracement to $5 should be considered by traders and investors.
With the daily RSI surpassing 70 on three occasions since February 25th and the liquidation map signaling a possible pullback, caution is advised. A drop below $4.2 could indicate a deeper retracement, while a pullback could offer a buying opportunity targeting the $6.3-$7.3 range.
Key Takeaways
- DeXe has displayed strong bullish momentum, reaching a 4-month high above $5 in the past three weeks.
- While the majority of the rally may have already occurred, a potential pullback to $5 could precede a move towards the $6.3-$7.3 supply zone.